Market News

Altcoins Solana, Chainlink, and Pepe Join Bitcoin’s Surge, Aiming for $35,000

Aiming, Altcoins, Bitcoins, Chainlink, Join, Pepe, Solana, Surge

As Bitcoin continues its remarkable journey towards $35,000, altcoins like Solana, Chainlink, and Pepe are catching the wave, showcasing their potential to ride alongside the crypto OG and make their mark in the ever-evolving world of digital currencies.



Bitcoin’s recent surge towards $35,000 has not only benefited the popular cryptocurrency itself, but also a number of altcoins. While smaller meme tokens typically experience a boost following a Bitcoin rally, more established altcoins have also joined in on the party.

One such altcoin is Solana, which has been branded by some as an “Ethereum killer.” Despite facing a slump caused by frequent mentions in the ongoing trial of former FTX CEO Sam Bankman-Fried, Solana has managed to record a gain of 40% over the past week. As of Wednesday afternoon, Solana was trading at $33.28, up 8.3% in the past 24 hours.

According to a report by CoinShares, Solana has been the most popular altcoin for investors in major exchange-traded products this year. Last week alone, investors poured $15.5 million into the token, making it the second-highest inflow of capital after Bitcoin. Year-to-date inflows to Solana now stand at $74 million.

Other altcoins that have benefited from this week’s rally include Chainlink, Aptos, and the meme token Pepe. Chainlink, a coin closely associated with the decentralized oracle network of the same name, jumped 56.6% over the past week. Aptos followed closely behind with a 35% weekly gain. Pepe, although largely valued based on hype, had one of the best weekly performances, gaining 88% and about 24% in the past 24 hours.

The rally across the board is partly fueled by investors’ belief that the U.S. Securities and Exchange Commission will soon approve a spot Bitcoin ETF. Traditional finance giants like BlackRock and Fidelity have already filed applications, and Bloomberg analysts put the odds of a spot Bitcoin ETF being approved by January at 90%.

With the growing interest and investment in cryptocurrencies, it’s important to stay informed. If you want to learn more about all things crypto, Fortune offers a Crypto Crash Course with short, easy-to-read lesson cards. Click here to find out more.

Leave a Comment

OnePlus Faces Sales Ban in India: Company’s Response Bank Holiday Status: SBI, HDFC, ICICI New FDI Limit in India’s Space Sector Ahead of Elon Musk’s Visit Tether’s CEO Explains Big Four’s Audit Reluctance Zuckerberg Excited About Taylor Swift Collaboration
OnePlus Faces Sales Ban in India: Company’s Response Bank Holiday Status: SBI, HDFC, ICICI New FDI Limit in India’s Space Sector Ahead of Elon Musk’s Visit Tether’s CEO Explains Big Four’s Audit Reluctance Zuckerberg Excited About Taylor Swift Collaboration
OnePlus Faces Sales Ban in India: Company’s Response Bank Holiday Status: SBI, HDFC, ICICI New FDI Limit in India’s Space Sector Ahead of Elon Musk’s Visit Tether’s CEO Explains Big Four’s Audit Reluctance Zuckerberg Excited About Taylor Swift Collaboration